22
Jun
ECOWAS Postpones Implementation Date For ‘Eco’ Again; Moved To 2027 After several postponements, West Africa’s 15-nation bloc- the Economic Community of West African States (ECOWAS), has once again postponed the implementation of its long-time dream of a single currency. The bloc over the weekend announced 2027 as the new date to launch the “Eco.” The Eco was first planned to be introduced in 2003 but was postponed several times– 2005, 2010, 2014 and 2020/2021. For decades, the bloc had hoped that the idea of a common currency would boost cross-border trade and economic development. Addressing the media following the 59th…